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Equity markets around the world have started to churn and diverge after the recent rally. Some are pushing at new highs, such as the most popular US indices of the Nasdaq, S&P500 and Dow industrials. Others, such as small-cap and…

One of the Chinese equity indices that we follow made a top extension in the  most recent trading session: This is only at a daily scale but it comes after a weekly-scale top extension a month ago as reported in…

World equity markets have mostly rallied since low points made in mid-October and some rallies have been fierce, as we warned could be the case in the October 16th edition of HEDlines. Prices in US indices pushed quickly above resistance…

The strong rally in many equity indices since the lows of mid October has now produced top extensions in several Nasdaq indices in the US, many sector indices too and in the Russell 1000 large-cap index: The later part of…

We advised covering shorts in US equities in the October 16th edition and re-selling short again after a rally, in the October 21st edition. We pointed out  resistance levels starting just above the prices at the time of writing, that…

We advised selling US bonds short in the October 15th edition and one day later also advised buying crude oil. Both these recommendations were based on daily-scale extension signals but both markets then generated weekly-scale extensions too: This means that…

There is an equity market turn due in the three-day period ending today, as published in the October 6th turn update. This comes as many indices are rallying sharply from lows made mid-way through last week on the 15th or…

The recent ‘spike’ upward in bond prices produced a signal to sell US bonds, as recommended in the last edition. German government Bunds also made a top extension, as shown here, which means that their rally has now stalled too…

There was a flurry of bottom extensions in US equity indices yesterday. Here are three examples, from the NYSE composite, S&P500 futures and an oil and gas index but there were more; all three of the main futures contracts, the…

The two principle longer-term US treasury instruments both shot up in value today and extended. Yields are the best way to examine ten-year notes and thirty-year bonds because of their long continuous history and it is these series that produced…